Hey @CharlesSchwab - I need to speak with someone from Schwab Private Wealth Services this week. Please reach out via email, the mobile app message center, phone, or X DM.
Here’s why this is urgent: At least 6 of your ETF funds (around 7 million $TSLA shares) voted against Tesla’s board, and my 240,000+ Tesla investor followers are asking why Schwab would oppose one of the most successful corporate boards in history. Many of my followers are Schwab clients holding more shares than me (45,000 or more).
As a custodian of ETF shares, your fiduciary duty is to vote in shareholders’ best interests. For a board that has delivered extraordinary returns, voting against their recommendations doesn’t align with retail investors, Tesla employees, or the leadership we invested to support.
If Schwab’s proxy voting policies don’t reflect shareholder interests, my followers and I will move our collective tens of millions in $TSLA shares (or possibly hundreds of millions) to a broker that does, via account transfer as soon as this week. I’m not making empty threats - I am ready to move my shares now. The Tesla investor community is engaged and ready to act as well.
As a special bonus for you, here's an even more precise version I just made in Excel rather than Keynote, which makes the difference look- if anything- even more lopsided in $TSLA 's favor:
(prompting the question: "Where in the world did Michael's chart come from??")
Hello, friends! Michael Arouet posted a heinous chart crime misrepresenting Tesla's market cap relative to mortal carmakers, so I made a citizen's arrest...
... but now I need your help with Likes and Retweets of my reply to inform the public!
Link: https://t.co/55xY3LJPHz
An absolutely fascinating audiobook: 1929. The characters used the latest technology of the time, like telegrams, ticker tape machines, transatlantic ships. As @andrewrsorkin narrates & brings this history to the modern day, I'm thinking what if they had @X back then?#52books2025
1929 is magnificent, besting the author’s terrific inaugural effort “Too Big to Fail.”
@andrewrsorkin remains a best-in-class journalist of American capitalism & is now a first-rate contributor to the bounty that is popular history/nonfiction.
The past is prologue, y’all…
“Ultimately, the story of 1929 is not about rates or regulation, nor about the cleverness of short sellers or the failure of bankers. It is about something far more enduring: human nature. No matter how many warnings are issued or how many laws are written, people will find new ways to believe that the good times can last forever. They will dress up hope as a certainty. And in that collective fever, humanity will again and again lose its head.”
-@andrewrsorkin, 1929
Great read. Makes you realize that technology itself changes a lot - human nature, not so much.
“1929” by @andrewrsorkin - one of the best history reads in recent times.
Andrew knows how to extract the human narrative out of a complex series of market movements bigger than any one individual while also bringing you along on how these pieces fit together.
I find myself writing notes on various pages comparing them to other personalities and incidents. Also fun to go dig deep into people I wasn’t familiar with like Thomas Lamont of JPMorgan & Co.
Strong recommend.